Monthly Archives: December 2022

2023 IRS Contribution Updates

Posted by Tina Harris & filed under Finance.

A smiling man and woman discuss the contents of some papers while stood at a desk in an office filled with plants and with art on the walls

Each year, the Internal Revenue Service (IRS) evaluates the contribution limits for tax-advantaged savings plans. Increased cost of living, as measured by inflation, is the key factor in determining whether contribution limits will increase.  With the inflation rate at 8.2% in the prior 12 months that ended September 2022, it’s no surprise that annual contributions… Read more »

Paid Family Leave – 2023 Update

Posted by Jessica Sullivan & filed under HR.

Understanding lease agreements

As you prepare for 2023, please note the important changes to MA PFML effective on January 1, 2023. New Maximum Weekly Benefit Rate – Increased from 2022: For 2023, this maximum benefit amount is $1,129.82 (up from $1,084.31 in 2022). This is adjusted annually based on the State Average Weekly Wage. New Contribution Rates for… Read more »